Those financial stakes are capped, however. So PredictIt, neither explicitly legal nor explicitly illegal, has become the place to pile personal financial stakes on top of the extremely high human stakes of the upcoming November midterm elections. For political wagers specifically, PredictIt offers a wider variety of options - although it operates in a more gray realm, having received a neutral “no action” letter from the CFTC to conduct trading. One such site, Kalshi, has been declared legal by the Commodity Futures Trading Commission, and elections are among the many real-world prediction markets it makes available. isn’t quite that legal.Īmericans can put money on political outcomes, not by betting against the house at a mobile sportsbook, but by utilizing an exchange wagering site that allows customers to essentially buy or sell shares in the answer to a question. You can’t log in to your DraftKings or FanDuel Sportsbook & Casino account and wager on who will win the Texas gubernatorial race in November or which party will control the Senate after the midterms. Caesars Palace Online Casino Bonus Code.
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